{"id":11855,"date":"2021-09-07T23:54:05","date_gmt":"2021-09-07T23:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-market-is-development-vector-of-nations-digital-economy-ukraine-president-says\/"},"modified":"2021-09-07T23:54:05","modified_gmt":"2021-09-07T23:54:05","slug":"crypto-market-is-development-vector-of-nations-digital-economy-ukraine-president-says","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-market-is-development-vector-of-nations-digital-economy-ukraine-president-says\/","title":{"rendered":"Crypto Market Is \u2018Development Vector\u2019 of Nation\u2019s Digital Economy, Ukraine President Says"},"content":{"rendered":"

President of Ukraine Volodymyr Zelensky has highlighted the importance of launching a legal digital assets market in his country during a working visit to the U.S. The Ukrainian head of state met with top investors including from the cryptocurrency industry. <\/strong><\/p>\n

President Zelensky Highlights Importance of Ukraine\u2019s Virtual Assets Market<\/h2>\n

Speaking to venture capital funds and Silicon Valley accelerators, Volodymyr Zelensky praised the opportunity to discuss the prospects for the development of the IT sector and innovations in Ukraine. In his opening remarks at the event, quoted in a press release<\/a>, the Ukrainian leader emphasized his country has made a \u201creal breakthrough in the digital sphere\u201d and a \u201chuge leap towards creating a digital state\u201d over the past year.<\/p>\n<\/p>\n

At a meeting with representatives of the Stellar Development Foundation, the president expressed hope that in the near future the institution will find more opportunities to expand its activities and team as well as to eventually establish an R&D center in the East European nation. \u201cAfter all, Ukraine is now the best magnet with blockchain and crypto specialists in Europe,\u201d Zelensky remarked, further emphasizing:<\/p>\n

And one of the vectors of development of Ukraine\u2019s digital economy is the launch and development of a legal innovative market for virtual assets.<\/p>\n

Earlier this year, Ukraine\u2019s Ministry of Digital Transformation signed<\/a> a memorandum of understanding with the foundation aimed at supporting the ongoing efforts of the Ukrainian government to develop a legal framework for the country\u2019s expanding crypto space. The agreement also covers Stellar\u2019s participation in building the infrastructure for the Ukrainian national digital currency.<\/p>\n

<\/p>\n

Ukrainian Minister of Digital Transformation Mykhailo Fedorov, who was part of the delegation, noted that Ukraine has one of the world\u2019s largest blockchain developer communities and is working to become an attractive jurisdiction for both local and foreign crypto companies. He added that the country is also modernizing its payments market which will allow the National Bank of Ukraine to issue the digital hryvnia<\/a>.<\/p>\n

The current administration in Kyiv has maintained a generally positive attitude towards the crypto and blockchain industry but is yet to adopt comprehensive regulations for its activities. A draft law<\/a> \u201cOn Virtual Assets,\u201d which was recently revised, is expected to be adopted by the end of this year.<\/p>\n

In July, government officials and business representatives produced a roadmap<\/a> to transform Ukraine into a leader in cryptocurrency integration. A central part of the new strategy is the plan to develop the country\u2019s virtual assets market within the next three years.<\/p>\n

Do you expect Ukraine to become a leading crypto friendly destination in Europe? Let us know in the comments section below.<\/em><\/strong><\/p>\n

Bitcoin News
\nEconomics, Crypto, crypto industry, crypto market, crypto space, Cryptocurrencies, Cryptocurrency, development vector, Digital Assets, Digital Currency, digital hryvnia, Event, foundation, kyiv, meeting, President, Roadmap, Stellar, Strategy&, U.S., Ukraine, ukrainian, virtual assets, virtual assets market, visit, Volodymyr Zelensky, Zelensky<\/p>\n","protected":false},"excerpt":{"rendered":"

President of Ukraine Volodymyr Zelensky has highlighted the importance of launching a legal digital assets market in his country during a working visit to the U.S. The Ukrainian head of state met with top investors including from the cryptocurrency industry. President Zelensky Highlights Importance of Ukraine\u2019s Virtual Assets Market Speaking to venture capital funds and…<\/p>\n","protected":false},"author":0,"featured_media":11856,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11855"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11855"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11856"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}